Scotiabank Raises its Price Target on Simon Property Group (SPG)

Simon Property Group, Inc. (NYSE:SPG) is one of the 12 Most Profitable Stocks to Invest In.

On May 19, 2026, Scotiabank raised the firm’s price target on Simon Property Group, Inc. (NYSE:SPG) to $206 from $192 and maintained a Sector Perform rating on the shares. Scotiabank said it was updating price targets for U.S. Retail REITs under its coverage. The firm noted that Q1 earnings led to modest FY guidance raises for much of the group, while same-store net operating income growth trended ahead of FY guidance.

On May 11, 2026, Simon Property Group, Inc. (NYSE:SPG) reported Q1 FFO of $2.91, compared to $2.67 last year. Revenue totaled $1.76B, above the consensus estimate of $1.51B. CEO Eli Simon said the company was “very pleased” with its first-quarter results, citing leasing momentum, retailer sales, and traffic increases, disciplined capital allocation, and cash flow growth. Simon also increased its full-year 2026 Real Estate FFO per share guidance and raised its quarterly dividend.

The company’s Board of Directors declared a quarterly common stock dividend of $2.25 for the second quarter of 2026, up 15c, or 7.1%, year-over-year. The dividend is payable on June 30 to shareholders of record on June 9.

Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust.

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